Page 27 - Pharma Industry

E-pharmacy deal values surge over 200% in first nine months of 2018

Mumbai, 2 OctoberThe pharmaceutical and online pharmacy space seems to heating up on private equity (PE) and venture capital (VC) deals. As of end-September, the e-pharmacy space, for example, has seen a 210 per cent jump in deal value, compared to full calendar year 2017. Similarly, nine deals in the pharmaceutical space have surpassed the cumulative deal size for all of 2017.Data from Venture Intelligence shows e-pharmacy had a total of seven deals during January to September, the cumulative value being $115 milion (Rs 8.3 billion). The corresponding period last year had seen only three deals, for a total value of $23 mn. For all of 2017, the space witnessed five deals, totalling $37 mn. Some of the key deals were PharmEasy and Netmeds raising funds from Eight Roads Ventures India, Think Investments, Sistema Asia Fund and others. "PE investors were already active in other sectors. Education and pharmacy were two sectors that saw some initial resistance from investors. However, ...

Rising API prices to hit drug firms' profit by 300-500 bps in 2-3 quarters

In the past few months, the prices of APIs from China have gone up in the range of 15-80 per cent, amid a crackdown by the local government on industries allegedly polluting the environment

Pharmaceutical industry improving inspection skills for better compliance

State-level drug control administrations, too, have geared up to align themselves with global regulators

Industry asks govt not to cap margins on unbranded generics

Govt had received complaints from various quarters that trade margins for drugs range between 300% and 5,000%

Pharma cos may post better results in Q2

Sun Pharma's top-line is likely to decline 15%, owing to increasing pressure on Taro's business

Icra sees moderate growth in pharma industry

BS ReporterHyderabad, 2 October: Research and rating agency ICRA said Indian pharmaceutical industry was likely to register a moderate growth on the back of slowing growth from US given the relatively moderate proportion of large size drugs going off patent, increased competition leading to price erosion, generic adoption reaching saturation levels among other things.Aggregate revenues of ICRA's sample set of 21 leading players declined by 8.8 percent during the first quarter of the financial year 2017-18 vis-a-vis the prior year as against the December-March, 2017 quarter growth at 0.2 percent.The revenue growth has been subdued for the US as well as domestic market in the first quarter with the base business in US continuing to face low to mid teens price erosion, regulatory overhang for select companies and impact of GST implementation on domestic growth.ICRA stated that the negative growth in the first quarter of the current fiscal was led by trade channel destocking initiative ...

Unhedged rupee bets weigh on firms

Rupee rising against dollar and some other currencies has been a pain point for exports

Sluggish US market to pull down domestic Pharma growth to 7-10%: Icra

The growth trajectory for Indian pharmaceutical industry is likely to moderate to 7 to 10 per cent over FY18 to FY20 after mid to high double digit growth over last five years, feels rating agency ICRA. This is on the back of slowing growth from US.ICRA says the growth in US is slowing 'given the relatively moderate proportion of large size drugs going off patent, increased competition leading to price erosion in high single digits to low teens, generic adoption reaching saturation levels and, regulatory overhang along with base effect catching up.'According to Gaurav Jain, vice president and co-head, corporate sector ratings, ICRA , "The growth momentum is likely to face further pressure going forward, led by limited near term first to file (FTF) generic opportunities and pricing pressure on generic base business. Besides increased regulatory scrutiny and consolidation of supply chain in US market resulting in pricing pressures along with increased R&D expenses will also have an .

Cadila Healthcare, Jubilant and Biocon are able to grow despite pressures

Cadila Healthcare's market capitalisation was Rs 53,756 crore on the BSE on Friday

Drug makers seek removal from patent watch list

Pharma body moves USTR, says no cases of compulsory licensing or patent revocation in last two years

Indian pharma industry fears tougher US stance on IP

Prices of patented drugs are lower in Canada, United Kingdom and Australia in comparison to the US

Indian generic drug players unlikely to be affected by Trump attacks

Generic drug industry in India which supplies to the US is unlikely to be affected, says Pankaj Patel

Vitamins drive new launches in pharma as Cos focus on OTC segment

Past 24 months have seen 648 new initiatives in this area out of a total of 6,828 new drug launches

Govt invites domestic pharma firms to set up bulk drug clusters

Govt will fund up to 70% of project cost, subject to a cap of Rs 20 crore to set up a cluster on PPP basis

Telangana govt puts Pharma City project on fast track

SPV being set up to develop the project on 12,500 acres; facility to provide entire ecosystem needed for pharma industry

No Indian Pharma company in world Access to Medicine Index

GSK, J&J, Novartis, Merck are among top 20 firms working towards making available essential drugs in low- and middle-income countries

Pharma profits hit in US this quarter

Firms like Dr Reddy's and Cadila have seen US revenues dip due to heavy pressure on generics market

Domestic pharma firms zoom past MNCs in growth, market share

Indian firms enjoy 77% share, post 12.6% growth against 7.9% by MNCs, with superior penetration, brand recall, marketing

Cipla, Wockhardt join global initiative on tackling drug resistant infections

Spread of drug-resistant infections could hit the global economy even harder than the the 2008 financial crisis

Price overcharge: One-time settlement likely for pharma firms

Dept of pharmaceuticals, finance ministry to work together on quantum of waiver on interest payment